A note payable is a tangible note between you and another company that you will pay them back for a good or service they sold you.An account Payable is an allocation base for all of your notes...
difference is one receives the cash and the other spends the cash
Accounts Payable tracks the bills or debts a company incurs and pays them accordingly. Accounts receivable tracks the money owed to...
No, bills payables is not a real account but it is a personal account .
My answer:
Bills receivable is a real account. Bills receivable for one person is bills payble for another person. The same...